April 15, 2011

"Both sides are now claiming victory [in the budget battle], that the new (budget) compromise demonstrates the resolve of our leaders to make the necessary cuts so that America can live within its means. The reality is, this compromise proves the exact opposite: that there is no will to do anything... that nobody is willing to make any of the cuts necessary to rein in the excesses in Washington. - in Seeking Alpha

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

April 13, 2011

The problem for the global economy is the dollar. The United States has abused the privilege of issuing a reserve currency and we are exporting our inflationary, irresponsible monetary policies all around the world, and we are poisoning the global monetary system. - in BullSource.com

The cheap money Bernanke’s using to prop up the economy is the same cheap money that’s causing commodity prices to rise. The Fed is going to pretend inflation doesn’t exist, even though it’s creating it. - in Bloomberg

April 3, 2011

Silver is a kind of best of both worlds. Its an industrial metal and also a precious metal. So if you think the economy is growing you can buy silver and if you are afraid of inflation you can buy silver. - in CNBC

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BIO

Peter David Schiff (born March 23, 1963) is an American economist, author, commentator and popular video blogger. Schiff, a licensed stock broker, is the president of Euro Pacific Capital, headquartered in Westport, Connecticut